Direct materials variances

The following data relate to the direct materials cost for the production of automobile tires:

Actual: $54,000$ lbs$.$ at $$2\mathrm{.}00$ per lb$.$

Standard: $52,400$ lbs$.$ at $$1\mathrm{.}95$ per lb$.$

a$.$ Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Line Item Description Amount Variance

Direct Materials Price Variance $fill in the blank $1$

Direct Materials Quantity Variance $fill in the blank $3$

Total Direct Materials Cost Variance $fill in the blank $5$

b$.$ The direct materials price variance should normally be reported to the fill in the blank $1$ of $3$

$.$ When lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the fill in the blank $2$ of $3$

$.$ When the favorable use of raw materials is caused by the purchase of higher$-$quality raw materials, the variance should be reported to the fill in the blank $3$ of $3$

$.$